NationThailand-Sept 24
The Office of Industrial Economics (OIE) is pleased with the success of its first year driving the Thai halal industry, generating 335 million baht in trade and enhancing Thailand’s positioning as the “ASEAN Halal Hub.” The OIE reported that the Thai Halal Industry Driving Activities Project, part of the draft Thai Halal Industry Development Action Plan (2024-2027), and the Future Halal Food Industry Upgrading Project have been successful in their first year (Quick Win) during fiscal 2024. Key achievements include the launch of the “Thai Halal Industry Center,” participation in trade negotiations under bilateral and multilateral frameworks, upgrading halal standards for 32 establishments, and developing 10 prototype processed halal food products. These efforts showcase Thailand’s halal products and services in both domestic and international markets and have led to business matching activities, ultimately generating a trade value of 335 million baht. OIE Deputy Director-General Siripen Kiatfuengfoo expressed confidence in Thailand’s ability to become the ASEAN leader in halal production and exports by 2027. The OIE is committed to supporting entrepreneurs through comprehensive halal industry services, focusing on innovation and production technology, raising standards, and accelerating export expansion in the next phase. The OIE organized several key activities to promote and develop Thailand’s halal industry. The global halal food market is valued at 1.4 trillion US$, with expectations to reach 1.89 trillion US$ by 2027. Thailand’s share in halal food exports remains relatively low at 2.70%, presenting significant growth potential. The project aims to strengthen Thailand’s position globally by upgrading halal standards and leveraging Thai food identity (Soft Power). Overall, these initiatives have resulted in 335 million baht in trade value in the first year. Moving forward, the Ministry of Industry will continue developing the halal sector by creating a Halal Intelligence Unit, expanding market participation, and promoting new products like Ready-to-Eat foods, halal fashion, pharmaceuticals, and cosmetics. Read more at: https://www.nationthailand.com/business/trade/40041766
